Saudi Arabia Lubricants Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial Lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor Oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” covers market overview, trade scenario, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions. Market Overview and Size Saudi Arabia Lubricant market is at the maturity stage. Saudi Arabia Lubricants Market in terms of revenue has increased at a positive CAGR during the period 2008-2014, but due to the Oil slump in the year 2014-15, the growth of the market slowed down, hence the market is experiencing a negative growth during the period 2014-2018. Economies such as China, Brazil, Russia and India whose rapid growth and expansion created an unquenchable thirst for oil initially, began to slow after 2010. USA and Canada started exporting oil due to high oil prices, cut their oil imports, which further increased the supply of oil. Saudi Arabia’s continued to supply crude oil after the fall of Oil prices in 2014 in a bid to maintain its market share with the rest of the world. The customers in the market highly price sensitive and lack of awareness about the advantages of synthetic-based lubricants over mineral-based lubricants leading to mineral oils having a higher market share. Saudi Arabia is dependent on import for Specialty lubricants and other preparatory raw materials as they constitute a niche share in the total lubricant market. The domestic demand is majorly fulfilled by global companies which produce the lubricants in the country. Interested to Know More about this Report- Request for a sample report Saudi Arabia Lubricant Market Segmentation:- By Mineral, Synthetic and Semi-Synthetic Mineral lubricants dominated the market of Saudi Arabia lubricant market in terms of domestic sales volume in the year 2018. The availability of crude oil at reasonable prices has amplified the demand for these lubricants in the country. On the other hand, Synthetic and Semi-Synthetic lubricants accounted for the remaining domestic sales volume share in the lubricant market. Automotive Lubricants:- By Application Type In Automotive lubricants, Passenger Car Motor Oils had the highest market share followed by Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission and Greases in 2018. By End User The Increase in the number of passenger vehicles over the years accounted for a major share in the lubricants market followed by commercial vehicle lubricants and Marine & Aviation segments. By Distribution Channel The puncture shops located close to gas stations and are more in numbers than OEMs, which accounted to the most market share in terms of domestic retail sales volume in million liters followed by company owned-company operated outlets, Auto OEM’s and others(wholesalers, retailers, and OEM service centers) in 2018. Industrial Lubricants:- By Application Type In industrial Lubricants, the Engine oil dominated the market in terms of domestic sales volumes as engine oils are widely used in vehicles such as trucks, lorries, cranes and other industrial equipment. The turbine oils, Hydraulic oils industrial Gear Oils, Transformer Oils, Compressor Oils, Greases and others (specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils, and process oils) followed the rest of the market share in 2018. By End Users The construction and heavy transport/Fleet contributed to the highest domestic sales volume share in Saudi Arabia in the year 2018. This was followed by the market share contribution from Power generation sector, Manufacturing sector and others (agriculture, mining, petrochemicals, and others). The construction sector was largely driven by Saudi Arabia expansion program of non-oil sectors in Saudi Arabia Vision 2030. By Distribution Channel The Saudi Arabia Lubricant market in 2018 gained most of its sales through direct sales as per approval of OEM’s. The major reason is that companies do not prefer dealer networks due to their irregular payment nature. Competitive Landscape The Saudi Arabia Lubricant market is highly concentrated. Petromin Corporation is the market leader and has the largest market share on the basis of both domestic sales revenue and domestic production in 2018. This was followed by Shell (JOSLOC), Alhamrani-Fuchs Petroleum Saudi Arabia, Mobil (Delta Group), Castrol (Alkhorayef), Total and others. In order to gain market share, companies are partnering with major local distributors, partnering with cab and car rental services and opening a chain of service and express lube services. Saudi Arabia Lubricant Market Future Outlook In the future, it is anticipated the Saudi Arabian Lubricant market in terms of revenue will increase at a positive CAGR during the period 2018-2023. In Saudi Arabia, it is also expected that the demand for both Synthetic and Semi-Synthetic Lubricants will be further augmented largely due to increasing awareness of their advantages over mineral lubricants. Moreover, the increase in demand for both automotive and industrial lubricants will be observed due to the increase in sales of vehicles and industrial activity to support the Saudi Arabia Vision 2030. Key Segments Covered:- By Origin Mineral Synthetic Semi-Synthetic By Type of Lubricant Automotive Industrial By Type of Automotive Lubricant Passenger Car Motor Oils Heavy Duty Diesel Engine Oils Hydraulic Oils Gear Oils & Transmission Fluids Greases By Automotive Type, End User Passenger Vehicles Commercial Vehicles Marine and Aviation Segmentation of Automotive Lubricant, By Distribution Channel Puncture Shops Company Owned-Operated Outlets Auto OEM’s Others: include wholesalers, retailers, and OEM service centers. Segmentation of Industrial Lubricants, By Type Engine Oils Turbine Oils Hydraulic Oils Industrial Gear Oils Transformer Oils Compressor Oils Greases Others: Include specialty lubricants which are custom made like bearing and circuiting oils, rolling oils, spindle oils, slideway oils and process oils. Segmentation of Industrial Lubricants, By End User Construction and Heavy Transport/Fleet Power generation Manufacturing Segmentation of Industrial Lubricants, By Distribution Channel Direct Sales as per Approval of OEMs Dealer Networks Key Target Audience:- Automobile Manufacturers Plastic Manufacturers Metal Working Companies Auto and Auto Component Manufacturers Construction Companies Textile Companies Cement Companies Mining Companies Paper and Pulp Manufacturers Power Generation Companies Steel Manufacturers Food & Beverage Companies Visit this Link :- Request for custom report Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023 Companies Covered:- Petromin Corporation Shell (JOSLOC) Castrol Alhamrani-Fuchs Petroleum Saudi Arabia Mobil (Delta Group) Total Petronas (Unified Lubricants Company) Chevron Al Bakri Lubricants Company Raf Oil Industries Gulf Oil Middle East Limited Chevron AlBakri Lubricants Company (Caltex) Haji Abdullah Alireza & Co. Ltd United Lube Oil Company. (UNILUBE) Amsoil Arabian Plant for Lubricants and Greases (APLG) United Lube Oil Company. (UNILUBE) Yanbu United Industrial Services Saudi Oil Company Key Topics Covered in the Report:- Executive Summary Research Methodology Value Chain Analysis Market Overview and Genesis Market Size, 2013-2018 Market Segmentation Competitive Scenario Company Profiles of Major Players Best Selling Products SWOT Analysis Trends and Developments Issues and Challenges Trade Scenario Regulatory Framework Future Market Outlook and Projections, 2018-2023E Future Market Segmentation Analyst Recommendations For More Information on the Research Report, refer to below links: – Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial Lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor Oils, Greases) Related Reports by Ken Research:- Ivory Coast Lubricants Market Outlook To 2023 – By Origin (Mineral, Semi-Synthetic And Synthetic), By Automotive Lubricants (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Transmission Fluids And Greases) And Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils, Turbine Oil, Compressor Oils, Greases, Transformer Oils And Industrial Greases), By Automotive And Industrial End Users And By Channels Of Distribution UAE Lubricants Market Outlook to 2022 – By Automotive (Heavy Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Gear Oils, Greases, and Transmission Fluids) and Industrial Lubricants (Hydraulic Oils, Industrial Gear Oils, Greases, Compressor Oils, Turbine Oils and Transformer Oils) Nigeria Lubricants Market Outlook to 2022- By Type of Lubricant (Engine Oil, Industrial Oil, Transmission Oil, Marine Oil, Grease and Specialty Lubricants), Type of Applications (Automotive and Industrial), Region (Lagos, Northern Nigeria, Eastern Nigeria, and Western Nigeria) Contact Us:- Ken Research Ankur Gupta, Head 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